Taxation
New Hampshire does not have a general income tax nor a general sales tax like many other U.S. states. It does have the following taxes:
- Interest & Dividends Tax - 5% income tax
- Inheritance and Estate Tax
- Business Profits Tax
- Business Enterprise Tax - 0.75% - an income tax on sole proprietors
- Communications Services Tax
- Electricity Consumption Tax
- Meals and Rentals Tax - 9% sales tax on meals, vehicle rentals, and hotel rooms
- Tobacco Tax
- Real Estate Transfer Tax
- Timber Tax
- Gravel Tax
- State Education Property Tax
- Utility Property Tax
- Local Property Tax
- Fuel Tax
Taxation is one of the more controversial issues in the politics of New Hampshire.
Read more about this topic: Government Of New Hampshire
Famous quotes containing the word taxation:
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)
“Whether talking about addiction, taxation [on cigarettes] or education [about smoking], there is always at the center of the conversation an essential conundrum: How come we’re selling this deadly stuff anyway?”
—Anna Quindlen (b. 1952)